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FINANCIAL NEWS
Qatar’s property insurance to reach USD 1.75bn by 2019
29 May 2016
(MENAFN) Property insurance in Qatar is predicted to stay the largest in the non-oil insurance sector in the coming years and will value USD 1.8bn by 2019.
Accordingly, investment in construction projects will push property insurance, which will be influenced by a huge investment in building activity.
Moreover, the country also looks to spread its economy, with the government intention to spend USD 150bn on infrastructure projects.
In addition, there are six insurance providers in Qatar and Qatar Insurance Co. is the market leader with 43.5 percent market share.
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